Senior Depositary Bank Representative
As a Senior Depositary Bank Representative, you will be responsible for, amongst other things, verifying the output of independent oversight checks in relation to the calculation of the Net Asset Value (NAV), including cash flow monitoring in accordance with the Funds’ constitutional documentation, UCITS and AIFMD regulations respectively.
You will be largely responsible for validating the Depositaries workflow (first review process) under two primary functions, i.
e., to ensure independent validation checks are carried out to evidence the valuation of Fund assets (NAV) is being performed in all material respects.
Such tasks will include, but not limited to ensuring team compliance procedures and controls specific to shareholder dealing, security valuations, income and expenses, distributions, corporate actions, including performance fees are calculations.
Furthermore, you will oversee the activities performed by the team to independently monitor a Fund’s cash flow movements ensuring related activity is transacted in accordance with market practice and is duly reconciled at all times.
Tasks will include effective monitoring of significant and inconsistent transactions, shareholder dealing (subscriptions / redemptions) reconciliations, cash flows attributable to income, expenses, and distributions.
Free of payment cash transfers (margin payments) to third party entities.
Moreover, you will be responsible to oversee the minimum standards and practices of the Depositary oversight team are adhered and maters arising are escalated to your line supervisor in a timely and efficient manner.
1. Transaction Analysis
2. Oversight duties
3. Problem Resolution
5. Process Improvement
Education level and / or relevant experience(s)
Knowledge and skills
What You Can Expect At BBH :
If you join BBH you will find collaborative environment that enables you to step outside your role to add value wherever you can.
You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, to take on new challenges, to maximize your potential and reinvent yourself without leaving the firm.
We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program, which emphasizes good health, financial security, and peace of mind.
Ultimately, we want to provide you with a position which, at the same time, is both rewarding and allows for a balanced professional and personal experience at every stage of your career.
We, here at BBH, focuses on more than just the financial and business thrive. Through our BBH Cares program we offer volunteering opportunities giving you the opportunity to give back to your community and to help transform the lives of others.